Aggregated Behind-the-Meter Services Provides New Revenues for
Customers: A Model for the Future of Energy Storage

October 08, 2015 10:15 AM Eastern Daylight Time

SANTA CLARA, Calif.--(BUSINESS WIRE)--Green Charge Networks, the largest provider of commercial energy storage
in the U.S., today announced its entry into the California Independent
System Operator market. Under its shared-savings Power Efficiency
Agreement (PEA), Green Charge has contracted 61 systems and 13.3
megawatt-hours with customers throughout California to take part in
utility or ISO programs. CAISO and state utilities are observing how
distributed customer-sited energy storage at scale can make a meaningful
impact to power efficiency across the grid.

Green Charge’s core business is to reduce commercial electric bills by
providing peak demand shaving services. In addition, customers further
enrolled in CAISO or utility programs through Green Charge are able to
leverage the unused capacity of their energy storage system to earn
extra revenues, amounting to hundreds of thousands of dollars in
incremental value. Serving as a model for the future of aggregated
energy storage services, California’s Mountain View-Los Altos High
School District’s 1.08 megawatt-hour deployment is taking part in Green
Charge’s ISO bidding program.

“The MVLA high school district, located in the heart of Silicon Valley,
is the birthplace of high tech innovation; to play an integral part in
the future of energy storage is inspiring, ” said Mike Mathiesen,
associate superintendent of business services at MVLA. “For many
schools, reducing demand charges necessitates battery usage during only
a few hours per day or per month. With Green Charge aggregating our
systems to take part in market programs gives us a new source of
revenues well beyond our demand charge bill savings.”

With the growth of solar on the grid, utilities are increasingly
struggling to ramp-up capacity in the late afternoon/early evening
hours, in particular when demand is highest in the summer months. Load
growth within certain circuits is also placing more and more stress to
the distribution network during peak times. Green Charge identifies and
qualifies sites within targeted circuits, and develops the distributed
energy storage program required to provide adequate grid relief. With
systems deployed throughout many California school districts, Green
Charge is assisting utilities by leveraging the fully-available capacity
of its systems to provide energy on demand to the grid during peak hours.

“Empowering the end customers to make economic decisions on energy is
the fastest and most scalable path towards energy storage adoption,”
said Vic Shao, CEO at Green Charge. “California is providing meaningful
incentives through the CPUC's Self-Generation Incentive Program (SGIP)
to seed the emerging marketplace for distributed energy resources. This
has given customers the financial wherewithal to gain energy
independence and bring virtual power plants into reality with networked
customer sited energy storage.”

Green Charge provides the easiest way to save energy costs for
commercial and industrial businesses, municipalities and schools. Our
award-winning solution delivers industry leading savings, up to 50
percent in demand charges. Green Charge provides risk-free
shared-savings energy storage and software that time-shifts power use,
and optimizes electric vehicle charging, solar and energy efficiency
measures. Founded in 2009 Green Charge is headquartered in Santa Clara,
Calif., with offices in NYC and San Diego. For more information, visit www.GreenCharge.Net.